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Showing posts with label Law. Show all posts
Showing posts with label Law. Show all posts

Tuesday, July 23, 2024

Malaysia lauds ICJ ruling on illegality of Israel's occupation of Palestine

 

Saturday, July 20, 2024

Thrilled to leave his mark in China

 

Melaka-born lawyer finds the perfect place to work hard and play hard


Running man: Mah, has taken part in over 10 marathons in China. — Photo by Mah Soon Sin

PETALING JAYA: Aiming to establish a legal career, he decided to relocate to the Middle Kingdom with the expectation of a relatively short stay in the country.

“Yet, unexpectedly, here I am in my ninth year,” said Mah Soon Sin, an international legal consultant at a Chinese law firm.

The Melaka-born lawyer has become so proficient in Mandarin that locals often mistake him for a native speaker.

“Whenever I meet strangers or make new friends, they tend to think that I’m a local,” he said, adding that his accent is similar to theirs.

In addition to his linguistic abilities, the 39-year-old bachelor has participated in over 10 marathons in China.

The enthusiastic runner, who has worked in Shanghai, Qingdao and Hangzhou, said: “I have achieved a personal best by completing a marathon in three hours and 43 minutes in China.”

Currently based in Hangzhou, Mah said he appreciates the ease of travel between cities.

“I find it convenient here. Shanghai is a mere 50-minute high-speed train ride away, along with Suzhou.”

It’s easy to travel within this vast country, said Mah.

“I enjoyed exploring the cities. While I haven’t visited them all, places like Tibet have left me mesmerised.”

Looking ahead, he said Beijing could be his next destination.

“It beckons as a place steeped in history. The Forbidden City and other historical sites are truly remarkable and worth exploring.”

When it comes to food, Mah has savoured the diverse offerings rooted in the country’s geography and population.

“The culinary scene in China is a delightful mix of flavours.

“Sichuan dishes bring the heat while Shanghai cuisine leans towards sweetness, each offering a unique taste,” he said.

As for his vocation, Mah has found his career thriving in China.

Serving as a legal director and in-house counsel for multinational giants spanning ecommerce, high-tech, and traditional manufacturing industries, Mah has spearheaded a wide range of projects, from mergers and acquisitions to litigation.

“My work here is fulfilling, although demanding at times,” he said.

Reflecting on his early days in China, Mah remembered arriving in China alone in 2015 with limited knowledge of the country but armed with a strong desire to better himself.

“I distinctly remember arriving here with no friends and with just 20,000 yuan to cover my initial expenses.

“Although unfamiliar with China and lacking local connections, I was eager to establish myself.”

Mah said he was thankful for his enriching experiences and achievements in China.

“I have gained much insight (into the country). I am thankful for all that I have accomplished so far.”

As for the 50th anniversary of the establishment of diplomatic ties between Malaysia and China, Mah said, “I hope this relationship will deepen with more development between the two nations and their people.”

He encouraged young people to bravely pursue their dreams, even in a foreign land.

“With clear vision and preparation, we can overcome any obstacles and achieve our goals.”

Having worked in Malaysia and Singapore before finding his niche in China, Mah acknowledges that he misses home sometimes.

“I do miss the work-life balance in Malaysia, but I aspire to achieve more in my current environment.”

And when homesickness does strike, Mah has some familiar “companions” from Malaysia.

“My trusty blanket and pillow from my hometown still accompany me,” he quipped.

By ALLISON LAI allison@thestar.com.my

China’s 5th Gen J-31B Stealth Jet Readies For Combat Role


In a recent reveal that has caused shockwaves across military circles worldwide, China has unveiled something that might just shift the balance of power in the skies. What if we told you there's a new player in the game, designed to rival the best out there? An aircraft so advanced, its mere existence is a clear sign to a nation's relentless pursuit of excellence. Today’s episode will uncover China’s upcoming 5th generation J-31 Stealth Jet fighter and how its almost ready for a combat role. #china #chinadefense #chinesemilitary #military #militaryaircraft Chapter 00:00 – Intro 00:52 - J-31B China’s Upcoming Aerial Beastx 03:45 - A Collaboration With Fujian? 06:08 - The Global Power Shift

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Wednesday, March 15, 2023

Know how this vital law protects you from fraud

 

Photo: 123rf.com

CONSUMER protection laws are designed to safeguard consumers and ensure they are not subjected to fraudulent or unethical practices by businesses. One such law in Malaysia is the Financial Consumer Services Act 2013, which aims to protect consumers from unfair or deceptive practices by financial institutions.

One issue that has received increased attention in recent years is “mis-selling” by banks selling investment products to its depositors. Mis-selling refers to the practice of selling financial products to consumers that are not suitable for their needs or financial situation, which can often result in significant financial losses.

Banks have been known to engage in mis-selling by aggressively pushing investment products such as mutual funds, stocks, and insurance policies to their depositors without adequately disclosing the risks involved.

The Financial Consumer Services Act (FCSA) seeks to address this issue by imposing strict requirements on financial institutions to ensure that they act in the best interests of their clients.

FCSA requires financial institutions to disclose information about their products and services in a clear and concise manner, to ensure that consumers can make informed decisions.

It also provides for the establishment of a dispute resolution mechanism to enable consumers to seek redress for grievances.

In addition, the Act requires financial institutions to obtain sufficient information about their clients’ financial situation and investment goals before recommending any investment product.

This is particularly important if customers do not have the same level of knowledge or experience as more seasoned investors.

The Act also provides consumers with greater protection in the event of a dispute. It establishes an independent dispute resolution mechanism that is fair and impartial to resolve complaints and disputes between consumers and financial institutions.

In addition to this, the FCSA provides for compensation for consumers who have suffered losses as a result of mis-selling. Financial institutions are required to establish complaint handling procedures that enable consumers to make complaints and seek redress. These procedures must be transparent and accessible, and financial institutions must take reasonable steps to resolve complaints in a timely and efficient manner.

The FCSA also provides for enforcement measures to be taken against financial institutions that engage in unfair and deceptive practices. This includes fines, penalties, and other sanctions that may be imposed by the regulator.

These measures are designed to deter financial institutions from engaging in practices that are harmful to consumers.

It is important to note, however, that consumer protection laws are only effective when they are enforced. Financial institutions that engage in mis-selling must be held accountable for their actions, and consumers must be empowered to seek redress when they are harmed. This requires a strong and effective regulatory framework, as well as consumer education and advocacy to ensure that consumers are aware of their rights and able to protect themselves.

The FCSA is an important piece of legislation that plays a vital role in protecting consumers in the financial sector.

It provides consumers with greater transparency and clarity in financial transactions, and ensures that they are not subject to unfair and deceptive practices.

The provisions of the Act relating to the mis-selling of investment products by banks are particularly important, as this is a problem that has affected many consumers in the past.

With the FCSA in place, consumers can have greater confidence in the financial sector and can be assured that their rights and interests are being protected.

- PROF DR ONG TZE SAN School of Business and Economics Universiti Putra Malaysia 

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Financial Services Act 2013 - Bank Negara Malaysia

 


https://www.bnm.gov.my/documents/20124/820862/Financial+Services+Act+2013.pdf


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Saturday, March 11, 2023

Muhy­id­din, the 2nd former prime min­is­ter in corruption charges for kickbacks from bumi contractors Jana Wibawa; Good governance entails inclusivity


Tan Sri Muhy­id­din Yassin is the second former prime min­is­ter after Datuk Seri Najib Razak was charged in court.


 Muhy­id­din, who is Ber­satu pres­id­ent and Perikatan Nas­ional chair­man, was charged at the Ses­sions Court yes­ter­day with four counts of power abuse involving a total of Rm232.5mil in grat­i­fic­a­tion and two counts of money laun­der­ing involving Rm195mil.

Muhy­id­din, who is Ber­satu pres­id­ent and Perikatan Nas­ional chair­man, was charged at the Ses­sions Court yes­ter­day with four counts of power abuse involving a total of Rm232.5mil in grat­i­fic­a­tion and two counts of money laun­der­ing involving Rm195mil.

Najib was sen­tenced by the Kuala Lum­pur High Court on July 28, 2020 to 12 years’ jail and a Rm210mil fine after he was found guilty of seven charges of crim­inal breach of trust, money laun­der­ing and abuse of pos­i­tion in the Rm42mil SRC Inter­na­tional case in con­nec­tion with the sov­er­eign fund 1Malay­sia Devel­op­ment Bhd (1MDB).

RM300mil kickback claims that led to charges being filed

PETALING JAYA: The charging of Bersatu president Tan Sri Muhyiddin Yassin in court is linked to allegations that contractors had deposited RM300mil into the party’s accounts in return for projects.

The projects were part of the Jana Wibawa programme, which was set in November 2020 by Muhyiddin when he was the prime minister, to empower bumiputra contractors struggling during the Covid-19 pandemic.

Under the scheme, bumiputra contractors rated three to five stars were given contracts through direct negotiation.

They had to be approved by the Finance Ministry and Muhyiddin has pointed the finger at his finance minister then, Tengku Datuk Seri Zafrul Tengku Abdul Aziz, as the one who had approved the companies getting the projects.

Muhyiddin has also called the allegations “political slander” to smear his reputation as the eighth prime minister.

In February, the MACC froze Bersatu’s accounts and has since charged several individuals in court.

They included former Bersatu information chief Datuk Wan Saiful Wan Jan and Segambut Bersatu division deputy chief Adam Radlan Adam Muhammad.

They were alleged to have collected funds from the award of the projects.

On March 2, Bersatu treasurer Datuk Mohd Salleh Bajuri was remanded by the graft busters to assist investigations into the party’s expenditure.

Mohd Salleh was instructed to go to the MACC headquarters on March 1 to give a statement on payments by Bersatu to suppliers and vendors. 

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Good governance entails an inclusive approach

INTRODUCED in November 2020 during the administration of Tan Sri Muhyiddin Yassin, the Jana Wibawa programme was meant wholly for bumiputra contractors to help them cope with the devastating effects of the Covid-19 pandemic.

The Malaysian Anti-corruption Commission’s (MACC) probe into Jana Wibawa has revealed the shenanigans of the persons allegedly involved. According to Law and Institutional Reform Minister Datuk Seri Azalina Othman Said, there were 56 projects valued at Rm6.3bil under the programme. But that’s another matter.

It must not be overlooked that non-malay contractors were also affected by the Covid-19 maelstrom. Some were on the verge of bankruptcy too.

It is therefore regretted that the government of the day chose to implement a politically popular policy instead of one that promoted inclusivity and would have enhanced racial unity.

Prime Minister Datuk Seri Anwar Ibrahim, in enunciating the principles of Malaysia Madani, emphasised that the direction of the country must be guided by significant priorities that require an approach cutting across political, social, economic, environmental and technological aspects.

Good governance entails a more inclusive culture in promoting unity in diversity. It is hoped that the future will not look anything like the past.

- DR A. SOORIAN Seremban